CDR secures Elia flotation brief

CDR directors Rachel Lancaster, Andrew Hey, Toby Moore and Sally Marshak are leading the account, for which M Communications and Smithfield also pitched.

Elia is a joint venture between Electrabel (which holds over 64 per cent of Elia), competitor SPE (which holds just under six per cent) and Publi-T, a cooperative firm representing the Belgian municipalities (with a 30 per cent stake).